PRIME-TASS. The Russian Direct Investment Fund (RDIF) will be able to offer investors first projects in September 2011, VEB CEO Vladimir Dmitriev told reporters, as Prime-TASS wires.
According to him, necessary legal and administrative procedures required for the fund’s initial operations will be finalized in July.
Dmitriev noted that this fund will accumulate Rub 62 bln this year. These funds will be channeled into the capital of Vnesheconombank that will form the fund at a later time.
The VEB chief executive said that as early as this year projects worth $500 mln could be reviewed. According to him, at issue are projects in such sectors as pharmaceuticals, production of medical equipment, food, energy conservation and the establishment of import replacement facilities. These projects were prepared by Russian concerns that are not public so far, but hold tangible potential in terms of investments, Dmitriev specified.
